EUR/CHF bears aim at 1.2100 pivot

FXStreet (Moscow) - EUR/CHF  opened at 1.2112 and slid to the Asian low at 1.2106; currently the cross is trading at 1.2108

Struggling to stay above 1.2100

EUR/CHF reached new high at 1.2138 on Tuesday, but the gains proved to be unsustainable as the cross dipped to 1.2088 on Thursday. While the cross managed to recover losses and finish the day above 1.2100, obviously, traders are not ready to place a bet on further EUR gains as ECB is moving towards QE, or at least more stimulus. EUR/CHF is dangerously close to 1.2100 pivot, while empty Eurozone calendar leave the pair exposed to technical trading during the last trading day of the week. The downside is likely to be capped by 1.2100, though once it is broken, 1.2080 support will come into view. The resistance comes at 1.2115

What are today’s key EUR/CHF levels?

Today's central pivot point can be found at 1.2110, with support below at 1.2090, 1.2067 and 1.2047 with resistance above at 1.2133, 1.2153 and 1.2176. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.2097 and the daily 20EMA flat at 1.2094. Hourly RSI is bullish at 52